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GOLD: (Feb 2012) Last anniversary some baby trading ambit was assume and it fabricated a top of 28106, a low of 27500, but assuredly managed to abutting beneath 28300, as rupee acquired backbone the US Dollar and the across markets too adumbrated weakness. Rupee-Dollar trends will as well adjudge the approaching activity of Gold. Overall concise trend down; at higher-level it will abide adverse attrition at 28100-28300; auspiciously crossover with added essentially accessible interest, the trend will be change; lower-level abutment to watch out at 27500; thereafter ceaseless ambition of 26500-26000 and added lower level. Before any able cull back, above agitation on the card, so be alert at college levels.
Today:
Baby trading ambit - attrition at 27800-27910, downside abutment at 27700. Above abutment at 26900 to watch out on panic
